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,000 and above? we see obama not oftenning cuts at all. looking for spending. >> kimberly: managing the message very well. conciliatory. >> andrea: boehner did -- boehner has taken heat. in his defense he has taken a ton of flak on this. he has given a terrible hand of cards. but he came to the table. he tried to at least bring something to the floor. mitch mcconnell knows he can't pass anything, any tax cut for everyone under $1 million. kimberly, that wouldn't even pass the senate. >> juan: allow me to introduce a little sanity to this forum. >> andrea: yes, juan. >> juan: say it's incredit to believe me he would say they're far apart. they're not far apart. boehner wants $1 trillion to new revenue. closing loopholes or deduction or whatever. obama is $1.2 trillion. that is not far apart. in terms of cut, boehner said one for one. $1 trillion in terms of the spending cuts. obama is 1.3 more on boehner -- let me finish. obama has stimulus spending built in. they are not far apart. [ overtalk ] >> eric: boehner can get $1 million and below -- just dance is because -- listen, you can't blame tha
to be approved congress. >>> president obama is spending christmas with some of the nation's bravest men and women. greeting marines at a gays near their vacation home in hawaii paying tribute to them and their family. an annual vacation tradition for president obama. that is your 5@5:00. >>> speaking of the president. fox news confirming he will be cutting his vacation short to get back to work on the fiscal cliff. peter doocy has more. >> president obama will departed hawaii for washington, d.c. late tonight leaving his wife michelle and daughters sasha and malia behind. the latest guidance we have from white house is that the president will be back here in the nation's capital where it is presently 36 degrees sometime tomorrow morning. united states government is set to go off the fiscal cliff on new year's day. at this point we don't know if the president plans to return at the to hawaii if the tax hikes are avoided well in advance of the of the new year. he's there to talk to himself. john boehner will come back at any time. his office told us it would be sometime after christmas. s
-- obama is not offering cuts at all. he is lock looking for spending. >> he is managing the message. so it seems like he's being conciliatory. boehner hassen a lot of heat. he has taken a ton of slack on this. he was given a tential hand of cards. but he came to the table. he tried to at least bring something to the floor. mitch mcconnell knows he is not going to be able to pass anything, any tax cuts. kimberly that, wouldn't pass the senate. let me tell you that. >> allow me to introduce just a little bit of sanity to this forum and say that -- >> yes, juan, please! >> it's incredible to me that you would say they are far apart. actually, they are not far apart. boehner wants a trillion in new revenue, however he gets it, closing loopholes, deductions. obama is $1.2. that's not far apart. boehner says let's have one for one, $twenty1 trillion in cuts. obama is $1.3, actually, more than barron, dmeapt -- let me finish -- except that obama has stimulus spending built in there. these guys are not far apart. but what we have -- >> the problem -- [overlapping dialogue] >> boehner can get a
that republicans for cutting spending. you heard mitt romney criticize president obama because he's not spending enough on ships, which we don't need, and not staying long enough in the war zones. the republicans' view of spending is very particular one. secondly, as far as the american people are concerned, people in their districts, gee, if they represent districts in new jersey and new york they want more spending. you know, people -- if you ask them they want government pending they say no. do you want to cut medicare? no, not that. how about firefighters? people boast of cutting government. when was the last time you heard them cut fire department or cut down on snow removal? in fact the republicans tend to be opposed to spending in general. when it comes to particular spending, remember paul ryan acknowledging he was seeking to get the stimulus money that he was denouncing. but in any case, it's not the democratic position we should put all of the increased revenue into spending. by the way, i believe much of government spending is very important. there are things that we need for the qual
himself reelected. then we have massive spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told obama if you want a trillion dollars in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could you say no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning now about how obama said i have no interesting in cutting spending, he's been lyin
year end tax hikes and spending cuts as president obama warns failure could mean, quote, a self-inflicted wound to the economy. mike emmanuel live. after a lot of focus on john boehner, kind of sounds like democrats and others are counting on the top senate republican to get a deal. is that about right? mitch mcconnell? >> that is spot on. this has been a lot of talk about senator mitch mcconnell's ability to be a deal maker. one area he's working on is the threshold for extending the bush tax cuts. the $250,000 mark has been what democrats have been pitching. negotiations seem to be heading toward keeping the current tax rate for those making up to $400,000, a key senate conservative sounds hopeful. >> i do think that something will happen over the next few days relative to the revenue piece and hopefully we can rescue most americans from a tax increase. but what we haven't dealt with again is the spending component. >> since it is not expected that increasing the nation's borrowing ability, the debt limit will be part of this deal, conservatives may be able to fight for spendi
spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told oba if you want a trillion dollar in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could youay no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning nowbout how obama said i have no interesting in cutting spending, he's been lying for two mons about his negotiationing positi
into an economic free fall. facing a dreaded combination of spending cuts and tax hikes... president obama made an appearance, on n-b-c's meet the press. "regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up that would hurt our economy badly." democrats want to keep the bush-era tax cuts for everyone, except the wealthiest americans. just how wealthy?..is a major sticking point... with negotiations now focused on an income threshold around 400-to-500 thousand dollars. *republicans argue the problem isn't tax revenue...but spending. they want reforms to entitlements. but a proposal to change the way social security benefits are measured against inflation was pulled from the table. vice president joe biden -- talked to minority leader mitch mcconnell several times today...in an effort to break the stalemate. hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on. i hope by the end of day tomorrow night, we can celebrate
a blame game from the very, very beginning and dana, we saw today president obama take to the sunday shows and spend the whole time blaming republicans. if we go off the cliff, who do you think is going to take the fall for this? i say republicans are just, they're going to go down because it's just tough to run against the white house with a bully pulpit. >> and i just believe that you can't worry about the short-term pr effects of something, that you have to do what's right based on principle and be able to get up in the morning and look in the mirror and say i stood on principle and i did what was right. when mitch mcconnell is speaking if you strip out the fact that there's all the other noise, what he's saying is actually true. i think that policy based on fact is better policy based on revenge. one comment on the interview president obama did with david gregory he taped it yesterday afternoon at the very same honor that mcconnell was actually trying to get a deal done. so to me, the president actually wants an argument more than a deal. he could have been helpful and instrumental in
on engaging iron and supporting defense spending cuts. on "meet the press" in morning president obama apparently while he didn't say he would name him said he saw nothing in the criticism to block him. senator graham, are republicans going to block chuck hagel if he is the nominee? >> i think a lot of republicans and democrats are concerned about his views on iran sanctions and hamas and hezbollah and that there is wide and deep concern about his policies. all of us like him as a person. it will be up to the president to make the selection. the hearings will matter. they will matter a lot to me and if he sends chuck hagel up there will be a confirmation hearing of consequence. >> chris: you are not prepared to say the republicans would put a hold on his nomination or philly bust. >>> i can tell you there would be very little republican support for his nomination. at the end of the day, very few votes. >> chris: senator feinstein you are going to introduce legislation this week on the first day of the new congress on thursday to ban assault weapons and magazines that hold more than ten
. >> there this is the other part of this. obama doesn't -- obama believes in stimulating the economy through spending. he doesn't believe in making all the cuts. so again, like you are asking him to adopt a world view he doesn't have. >> bret: even though he talked about it many times. >> he does talk about it. >> expounding upon it. fixing social security and medicare. >> anybody who reads paul krugman, grand pubah of economics on the left his worry that the deficit will be reduced too fast. i'm not endorsing this from a policy perspective. i'm telling grow a political perspective this is the situation with the president. so to say he should want cuts that the republicans want is to ask him to adopt a philosophy he doesn't have. i'd say if i was a republican, i would be bothered by republican party not being more specific and holding his feet to fire on it. >> bret: the senate democratic caucus could slip a the white house is saying that the vice president heading up there the time is not firm. >> so we'll be here. >> bret: we'll be here covering it for you. >> big night. >> bret: the countdown to vice
into default unless there are serious and main spending cuts. at that point does this obama victory perhaps look a little different? >> well, i mean, i think the question is, are they really going to want to do what they did last time with the debt ceiling, which ultimately caused us to have a downgrade of our economy. do they want to do that again? i think it is a bit of bluffing. i don't think they really want to do that. in terms of the president winning, he has won, though he will catch a lot of grief as byron alluded to from the left for, if he goes up to 400,000, for example, they think he should stick at 250 and don't want any kind of social security cuts and that is on the table apparently in the the new deal, so in that sense he'll catch flak. but, overall, yes, he'll get what he wanted in terms of taxes, and has given up very little in terms of cuts and, look he didn't run on cutting the government, really. he ran on raising taxes, and, so republicans keep saying, well, there is no cuts, no cuts and the president never really said that much about cuts -- >> you do understand it is
and i will not. >> chris: and, senator feinstein, you heard president obama say we have to t out of the habit and will not start trading debt ceiling increases for spending cuts. >> i think the key to what he is saying is that you don't affect people at this time. who are on these programs. that you do it in a way that it is way in the future. so, that long term, the programs are essentially changed and more constricted. now that is not entirely popular on my side. but, it is realistic, i think. i think, you know, this is a very hard time for people. and, we need to get by this and have a robust economy, and, and cap happen, i'm convinced, if we solve this and move down you can do those things that enable the programs to be solvent on an extended basis, without impacting people directly now. >> chris: senators, we need to take a quick break, when we come back we'll discuss where the investigation of the benghazi terror attack stands now, and, whether congress will act in the new year to try to prevent more mass murders. ♪ to the best vacation spot on earth. (all) the gulf! it d
on the table is he close to a trillion dollars he is simply saying i want a trillion dollars in spending as well. president obama is he close to the same number they are about $300 billion apart. they are 1 hers apart from this whole deal. the problem is they are not putting spending cuts on the table. what they're doing is putting proposed possible cuts but the stimulus spending they are putting on the table also offsets that tax increase that he wants. still looking at trillion-dollar deficit. that just goes to show spending cuts. right now we don't have them. talks about them and there is accounting fuzzy math going on but there is not any serious entitlement reform. we can't just wait and talk about that in january. needs to be included in any package before we go forward. >> you know, juan, the point she is making when we talk about spending cuts. basically a guy pulling the olives off a meat lover's pizza and saying he is on a diet. something so incidental and ignoring this huge huge problem this black hole that is spending. it's true. we are going nowhere. >> no, i disagree. you k
in spending cuts. president obama's last offer the one that the republicans rejected was less than $1 trillion in spending cuts. we checked. that would be less than 2% of the $44 trillion the government will spend over the next decade. again, is that the best democrats can do? 2% of all of the spending over the next decade? >> you know, this conversation to me is exactly what is wrong in washington. i mean just listen to the conversation you have is just had. it is he said, she said, blame the other guy. look, i tried to be constructive here and lay out an actual plan to get us nearly $4 trillion by taking the offers that are on the table. speaker boehner and the president were so close and then speaker boehner went off on plan b. i never understood why. had no prospect of succeeding. it did not succeed even in his own caucus. now, the question. >> chris: but you are not answering my question. >> because i tell you something because we only have nine days left here. when are we going to get serious about actual solutions? i would lineback joh welcome jl me. he wants a solution. give us one, jo
, response to the part about spending cuts, and what is spending cuts is the obama administration talking about, guaranteed spending cuts? >> they already accepted a trillion dollars in domestic spending cuts in next 10 years. they put on the table additional cuts in medicare and social security not as much as republicans want but clearly they have moved on that. and i also think there will be substantial defense cuts, if we want to make a dent in the deficit. i mean this is the choice that is going to be in front of us. if, we have to do four things if we want to reduce the deficit. we have to get more revenue, we have to cut domestic spending, we have to trim and reform the health care programs in particular of medicare and medicaid and we have to cut defense. if we do all four of those things we can make significant down payment getting deficit under control. if we do some of them, the numbers are not there enough to make as much progress as we want. this is where mark and i agree. over next six to nine months we could see substantial progress towards smart fiscal policy in the country
. after it was all over, a lot of the things we didn't believe during the campaign, the obama people said oh, we figured this out. we know who our voters are. we know where to spend the money. we thought they were boasting. and it turns out they were right. >> the one thing, really, i think defied everybody's expectations is what the obama campaign said they were going to do, was that they were going to turn out an electorate in 2012 that looked very much like the electorate in 2008, that they were going to get huge numbers of african americans and young people. that they were going to mobilize the hispanic vote. a lot of republicans couldn't believe these polling numbers. there were so much talk of skewed polls. after the election the romney campaign said they just couldn't believe that the obama operation was capable of doing this. >> karen, to what extent do we think that the electorate that they produced in 2008 and 2012 is a function of obama himself as opposed to the changing face of the country? >> it's both of those things. i mean, it is -- it is unclear whether the kind of appeal
. the crash involved real for cars and were reported just after midnight. >> president obama in congress are looking to keep automatic spending freezes from kicking in a pain has the stor\ed paine has the story >> nancy pelosi, which mcconnell, and john boe hner have four days to reach agreement or spending cuts would take effect. >> both sides are involved in a high-stakes political blame game. >> we are here in washington working. the members of house of represented or out watching movies, and watching the kids play soccer, basketball, and doing all kinds of things. they should be here. >> i told president i will be happy to look at what ever he proposes. a hard deadline. as i said this is the conversation we should of had to go. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more per year. republicans remain against any tax increases. >> most americans just wasn't begun. >> people are tired. >> islamic not reach a deal by january 1st many economists are concerned it could lead to another recession. >> ibm ed paine reporting. >>
in washington this afternoon as a nation as close to the cliff. >> president obama top congressional leaders will look for common ground to get automatic tax increases and spending cuts from kicking in. >> their only four days to reach an agreement or you as a common goal of the so- called fiscal cliff we are here in washington working all the members of the house of rand representatives are all watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here until the president i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline and as i said this to the conversation we should add months ago. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more year. >> many republicans are made against any tax increases. >> russian president of vladimir putin aside a bill banning americans from adopting russian children. >> the law also blocked dozens of russian children or currently in the adoption process by american families from leaving the co
. will there be a deal or will the $500 billion in spending cuts and tax hikes actually kick in? right now, negotiations going on behind closed doors. this while president obama has joined leaders in it both parties to make the case to the american people by appearing on the morning public affairs programs this morning. both sides pitching their proposals. but at this late point, some say any chance that congress has of averting the fiscal cliff will take serious late night legislative wrangling. good morning. i'm eric shawn. i'm heather childers in for jamie colby. without a deal the countdown to 2013 also a countdown to smaller pay checks for nearly all americans as the fiscal cliff tax hikes are set to take a bigger bite and the military facing serious cutbacks along with other federal programs that millions of americans count on. >> ed henry live at the white house with the latest on the negotiations. ed, we are really getting down to the wire. what did the president say this morning and will that make a difference? >> good morning, eric. part of what he was doing was putting the onus on republicans
sell for republicans who say the country has a spending problem, not a revenue problem. president obama is hoping the midnight deadline puts pressure on them. >> date appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we are hopeful that congress can get it done. but it's not done. so part of the reason that it wanted to speak to all of you today is to make sure that we emphasize to congress that members of both parties understand that all across america this is a pressing concern on people's minds. >> reporter: conventional wisdom is there may not be any great harm going a few days into the new year without an agreement as long as the markets don't tank. arthel: a couple key developments in the last 10 minute including reports there are no spending cuts in this deal. wendall just touched on that. the president saying any future debt deals will have to include more tax increases. guy, what do you make of the president's remarks? >> i'm trying to figure out what the point was. i know the president
unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth between meeting rooms on what is normally a quiet new year's eve. the major sticking point now is spending. the president suggested lawmakers take action on deficit reduction in the next few months and that more tax revenue could be involved in those discussions. but republicans are furious at that possibility. >> i'm willing to support revenue to deal with this problem. the overall problem. but what i will not agree to is using revenue to replace spending reductions. >> reporter: even if the senate frawfs deal by midnight the house still has to pass the measure before the president can sign into it law. randall pinkston, cbs news, washington. >> even if it takes a few days to finish lawmakers say the cuts will be made retr
than $100 billion in required spending cuts would also kick in if there's no deal. at the white house, major garrett says the obama administration is getting ready for those across the board cuts. major, what exactly is the white house doing to prepare? >> reporter: good morning, norah and anthony. the obama administration is in the final stages of delivering layoff notices it will deliver to federal agencies across the government, this to comply with across the board spending cuts 6% to 7% that are required in the so-called fiscal cliff. agencies will decide which employees to lay off and when. as part of these preparations, the administration also has notices it will soon deliver to delay or cancel federal government contracts. as for negotiations themselves it is a bit of a team effort here at the white house. president obama is dealing directly and spoke frequently sunday with the senate majority leader harry reid while vice president joe biden spoke frequently sunday with republican leader in the senate mitch mcconnell. mcconnell and biden get along much
's just simply saying i want a trillion dollars in spending cuts as with he will. president obama, he's close to the same number. they're about, you know, $300 billion apart. they're about 1% apart in this whole deal, so i don't think it's fair to just attack the democrats somehow as wanting to go over the cliff. >> well, the problem is, they're not really putting any spending cuts on the table. what they are doing, they're putting some proposed possible cuts, but the stimulus spending they're putting on the table also offsets that. and just for argument's sake, let's say we give the president every single tax increase that he wants. we're still looking at a trillion-dollar deficit, so that just goes to show we have to have some serious entitlement reform and spending cuts in this and right now we don't have them. there are talks about them and there are some accounting fuzzy math going on, but there's not any serious entitlement reform and we can't just kuwait and talk about that -- wait and talk about that in january. it needs to be included in any package before we go forward. >> j
and spending cuts, heading over the dreaded fiscal cliff. president obama says an agreement, though, is within sight. republican-led house of representatives, though, will now wait till after the country goes after that fiscal cliff at midnight tonight before coming up with a deal, if, in fact, there is a deal. we want to welcome our viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >> announcer: this is cnn breaking news. >> let's get to the first breaking news story we're following right now. the secretary of state hillary clinton is in the hospital this new year's eve with a potentially serious blood clot which doctors have now revealed is located between her brain and her skull. let's go straight to cnn's foreign affairs correspondent jill dougherty for the latest. dr. gupta's going to join us momentarily as well. tell us what her doctors have just revealed. >> well, wolf, backing up just a little bit. all day today, the question was, where was that blood clot. because after all, in the statement that came out initially, it was no indicati
's a political will to go beyond the rhetoric and have real legislation. >> president obama will have be to willing to spend a long time on this, and all -- probably all of his political capital and just it's going to be a slog. that was what we got from "meet the press" yesterday. it's just clear he knows this is going to be a slog, and he needs people, the american people, to be on his side, or else it's just not going to happen. the media coverage, like you said, has already dropped off. it's not going to continue unless there's a public outrage. >> absolutely. you know he has the rett cal skill to do it. if the president puts his rett cal skill and weight behind it, at least we can keep the discussion going. we have an important thing we need to do, because jimmy williams, today is not just another day in the park. it's not just another new year's eve. you have somebody that you want to give a special shout-out to. >> my mother turns 70 today. happy birthday, my sweet mother. , in south carolina. you rock. you're the bomb. >> happy new year's eve, mom. >> that's right. >> we alway
the deadline. president obama says he is optimistic they will come to an agreement if not, deep spending cuts will kick in for nearly every american. helpis one step closer for super storm sandy. senate passing a bill to provide $60.4 billion in aid for states impacted by the disaster. bill now has to pass through the house of representatives. hurricane sandy was blamed for at least 120 deaths in areas from north carolina to maine, new york, new jersey and connecticut. i'm arthel nevil, now back to fox news watch. for all the latest log on to foxnews.com. i'll see you right here at 4:00 p.m. eastern alongside gregg jarrett. >> we will make sure that f there is anything is needed we get it out immediately. i want to thank you for everything you've done and we appreciate that. >> connecticut state police lieutenant paul advance talking to people. the killer committed suicide as police closed in on him. one of many tragedies that received major attention this year. it's a challenge for the media in covering a story like newtown. juan, as you know well know, talking about it is tough for any pare
continues to grow very slowly. we are doing all this spending to prop up the economy because the fundamentals are right. all of the things the obama administration has done have been anti growth, whether energy policy, trade with china, reregulation of wall street. and now this, taxing all those jobs creators, all those small businesses. i don't know why you would want to invest in this country now. gerri: let me ask you this. the congressional budget office has out its numbers. if the fiscal cliff hits they say u.s. gdp would shrink by half a percentage point and that unemployment will rise to over 9%. do you think they have the rights or are they just too conservative? will it be worse? >> if we actually went over the cliff we would be subtracted from domestic demand over $600 billion. that is about four percentage points in gdp. most economists were forecasting in the first half of next year hardly 2 percent growth. if you subtract 4% to spending from that year and a recession that is much deeper. the cbo tense and not be alarmist because they say what they are partisan, b
gretchen carlson, thank you for spending your post christmas day with us. president obama cutting christmas vacation short and heading back to washington before we fall off of the fiscal cliff . can a deal be reached. >> a deadly winter storm unleashing snow and tornados . now thousands ever cleaning up and holiday travelers are stuck. i am tracking where the storm ised hading next. >> thank you, rick. take the gift card and hit the stores this morning. wait until "fox and friends" is over and then leave. "fox and friends" begins right now. "fox and friends". >> gretchen: good morning, i am gretchen carlson we are joined by clayton morris . rick as well . these are great guys, but clayton, because he is a tech guru of folks news and here to help all of us today. >> tech support this morning f. you have tech-related questions. send them and i will attempt to answer them all. i answered all of them. my wife said what are you doing on twitter? i said i am helping me. >> gretchen: we have big storms brewing and rick, you are aptly sitting to the right of me and you will help people get out of t
a deal or work something out. president obama says he is modestly optimistic that negotiations could prevent these huge tax hikes and spending cuts from kicking in. >> we don't yet see an agreement, and now the pressure is on congress to produce. if they don't, what i've said is that in the senate we should go ahead and introduce legislation that would make sure middle class taxes stay where they are, and there should be an up or down vote. everybody should have a right to vote on that. if republicans don't like it, they can vote no. >> brianna keilar, she's at the white house. brianna, they're saying they're going to come back to work in a couple of hours. a lot of people have been up a lot longer than that, up earlier, trying to figure out what's going on here. i understand you do have some news. potentially there's a new offer on the table. >> reporter: that's right. according to democratic sources, suzanne, they have gone up to $450,000 as the threshold for those income tax rates for where those bush-era tax cuts would expire. so beyond $450,000 for a family. this is somewhat sig
that will get through the house . the house was elected to protect the united states of additional obama care spipe types of spending . from the perspective it is it a char aid. he wants to raise tax for people with over $200,000 . patti murray tipped the president's hand when she said it is okay to go off the fiscal cliff . we get credit when we cut taxing back to the level they were before the cliff . it is it a political issue for them to attain their goalings. >> dave: some suggest that the president will be okay to go off the fiscal cliff . the president doesn't want sequestitration to go in into affect. hope they work it out. thank you for joining us from dc. coming up. unbelievably video of a plane crashed on a busy highway . we now know what likely caused the deadly crash . go ahead and down that champagne in the new year's bash. but what you can do today to make sure you don't have a hang over tomorrow. may attention. there's the sign to the bullpen. here he comes. you wouldn't want your doctor doing your job, the pitch! whoa! so why are you doing his? only yr doctor can determine if
at midnight. economists have been warning us the combination of tax hikes and spending cuts could cause another recession. now, president obama and the senate republican leaders say they are close to a deal to prevent tax hikes on the middle class. the trouble is, the house has gone home and won't be voting on anything tonight. >> for now, our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> we all want to protect taxpayers, and we can get it done now. right now. >> trace: officials tell fox news agreement would let tax cuts expire on $450,000 instead of the president's cut off $250,000. extend unemployment benefits for another year it does not include any new spending cuts. of course, that's the other big issue in this fiscal cliff standoff. we have team fox coverage. mike emanuel is live on capitol hill. but first to ed henry at the white house. ed, it looks as if we are taking the plunge. >> it does, trace. but what i think the white house is hoping here tonight is that lawmakers ar
downpayment. >>> number two. >> cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney. it was about socialism and capitalism. about spending and cutting. about what kind of role government should have in your life. >>> number one is the fiscal cliff. lawmakers saw it coming, but didn't bother to pay any attention to it until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u.s. economy would be right now. >>> next, scandal. can you guess who made our list because of bad behavior? new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heart
and the continuing resolution, where they can dole out money slowly to obama and the democrats to spend while reining is in. >> i'm not sure how effectively they use it. 517 days ago and that's why we're in the mess we are in. >> i want to show you marginal tax rates around the world. highest tax rate people pay on the marginal money they earn. when we talk about increasing taxes, we talk about increasing it above a threshold. the united states is not the highest on the list. the united kingdom is on this list and this isn't all the countries out there. both canada and germany have higher marginal tax rates than the yits does. germany and canada have borrowing rates about the same as the united states and have higher home ownership rates. they have health care and education paid for. great life satisfaction in those places and strong economies. what's the argument if we increase the tax rates on the richest americans, we're somehow going to have economic catastrophe. >> ali, as you know when people pay taxes, they not only pay it at the individual level, but capital gains and other taxes, first you e
on entitlement reform on spending cuts. >> well, that's right. president obama believed and the democrats believe they have a mandate after the election. now, a mandate, you know, depends what you call a mandate. the election was not really close, but it wasn't also a grand slam for the democrats either. so there's a real difference in who -- what the mandate is here. and democrats don't feel they need to compromise. i think they think if we go over the fiscal cliff, they will have even stronger negotiating power. that remains to be seen because oftentimes when taxes go up and there is something that hits the economy really hard and puts it into a tailspin, it's the president who takes the blame. so i think even the president is wondering who's going to foot the blame for this one. but at this point i think the democrats feel they have the upper hand at this moment. if they hold tight, they will force the republicans to capitulate. i don't see that happening. i think both sides are really going to have to give in before we get a final deal. jon: so we'll have to see, you know, which side wins the
worth of deficit due to this 100% growth in spending under president bush and president obama. and i think republicans ask for less than they should have, we're going to have to ask for more in the way of spending cuts because once we do this very small, large increase on the wealthy, but small amount of revenue, we have to come back again. and i think the middle class has to understand that you can only get so much from the rich when they're already going to be paying over 55% on their ordinary income come next year, at least in my state of california. there is going to be a limit how much you can do. ultimately all taxes end up being paid disproportionately for the middle class. >> are you going to vote for this? >> i haven't seen the bill yet. >> would you vote for tax increases or tax cuts up to 450,000? >> i said aultimately i'll finda way to support something to bring to the american people. i think this bill will have too few cuts and will depend on a small amount of people that candidly don't represent enough money to bring a real fix to our trillion dollar deficit. >> thank
: republicans have a look at entitlement programs and we are trying to reign in the excessive spending. >> there are no serious cuts from president obama. there is serious effort at reforming. medicare and medicare. a lot of people don't say social security is enment. it is an insurance program. but it is enormous amount of money flowing out than in and it is getting worse after the baby boomers retire. without reform, you hit a debt crisis guarantee. >> kelly: or guaranteed that crisis in a couple of days new yearee a eve and automatic spending cuts go into affect and that will affect social security that is also a problem that we have seen over the yearrs. we are spending so much money for this and there is no reform. >> it is a billion a week more going out than coming in x. it gets worse because baby boomers are retiring, i don't know how many it is. but there is a massive incrose in the retirement population. that is unfunded. >> clayton: we sound shocked but look at the postoffice. how much money we keep the postal unions and how much of a deficit. >> worry me this question. can
of one or two people, multiply that by tens of thousands small businesses you'll see the consumer spend less. gregg: congress can handle it individually because the president signed an executive order giving them all pay raises. >> it's true. gregg: unbelievable. heather. heather: coming up president obama facing another key test as he approaches the start of his second term. the ongoing battle now turning to america's ports, as a strike deadline fast approaches. doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted last week is kind of a symbol of what is threatening unions all across the nation, right? >> it really is heather, the longshoreman have been threatened by automation. it takes one longshoreman to do a job in the early 1960s it took three men to do. as automation has increased the longshoreman's union demanded their job security be plea served. the shipping industry worked out a deal where longshoreman would be paid a fee based on the weight of every container this a ship carries. but the industry finds it prohibitive le
for a year new through new revenues but republicans want to see spending cuts to stave it off. that's the final sticking point in the final hours of these negotiations. you heard president obama concede this is not a perfect deal. he said he wanted a big deal that dealt with both tax reform and deficit reduction. you also heard him talk about the fact that the new revenues would be hundreds of billions of dollars. what he initially wanted was about $1.6 trillion so this is a compromise on his part, as well. republicans initially coming, raising their offer so they kind of came to the middle on that point. but, again, the one sticking point that remains, the sequester and what negotiators continue to hammer out. vice president biden playing a key role in the negotiations having served more than 30 years in the senate. he knows how these types of negotiations get done. really, better than anyone. he, mitch mcconnell with whom he has a strong relationship, trying to take it to the finish line. >> i guess that's something given how many sticking points we were up against before. thank y
the obama name derived. just kind of amazing stuff all day. >> host: you spend a lot of time in interviews talking about the tribal situation in kenya. >> guest: it explains a lot about barack obama senior. this book is more than just a biography of barack obama who became president of the united states. it's about the places they created him come the people that created and starred in two generations back and moving through to obama himself. and his father in some ways represented the promise and the frustrations of africa and of kenya and on a more personal level of the sudden brilliance in flawless. and some of that have to do with tribalism. the luo are the second largest tribe in kenya in the colonial period when the british dominated kenya really created the sort of tribalism putting all the different tribes into the reserves in different parts of the country. and so when they got independence in god power, there was this unfortunate sort of conflict for power in the luo were basically, ever since 1963, had
about addressing this problem. president obama and the democrats are saying we have a combined problem both in terms of not sufficient taxation and also we have to have cuts in spending. we have to do the cuts in spending over time because you do not want to endanger a very fragile economy. to respond directly to your question, why do i think the electorate looking at the present obama and cutting the debt in half, i think the answer is we went through a very difficult economic recession. some spending was in order. 50% of the debt or more in terms of spending on wars, prescription drug benefits and things not properly funded, and when you ask the american people about those things, they still blame president bush ii for the economic recession and for the debt more so than president obama. host: as far as the fiscal cliff, who will most likely make the next news story? guest: i think it has to be president obama. i think john boehner went through a devastating experience this last week when he called for a vote and did not have a vote. his troops abandoned him. it has been ongoing for
, kimberly. in november we voted for obama's super size government. so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go dow
, president obama sitting down with one sunday talk show host yesterday and that host is capping flak if not asking the tough questions on taxes and spending and follow-up >> politics is always messy. people have asked me about the film "lincoln" and --. >> is this your lincoln moment? >> no, i never compare myself to lincoln. and, obviously the magnitude of the issues are quite different from the civil war and slavery. >> how accountable are you for the fact that washington is not getting anything done? >> if you look at my track record over the last two years, i cut spending by over $1 trillion in 2011. >> and now, what do you think of how the media is treating the president as we muddle through this fiscal mess? >> it is a consequential time, the president has to answer tough questions about the toughest questions of our time and he sits down with "meet the press" and the president and the white house believes this is his opportunity to speak to america, to speak broadly. what he did, he used the interview to stand it will be republicans' fault if we go over the cliff. the reporter
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